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Daily technical analysis for GBPJPY 05-05-2014
GBPJPY looks more likely that it would rise to 173.20 - 173.89 from 172.46 or 172.11. After which a downside move is expected.
Key Point 172.10
Entry Point 172.79
Trendline 1 172.80
Trendline 2 172.80
Support 1 172.11 Support 2 171.71
Resistance 1 173.20 Resistance 2 173.89
:)))
analysis for today 5 / 5 / 2014
GBP/JPY
Resistance : R1 172.59 R2 172.84 R3 173.04 R4 173.34
Support : S1 171.82 S2 171.57 S3 171.37 S4 171.07
Open : 172.45
High : 172.57
Low : 171.84
Range : 73 Pips
Running Price : 171.93
Strategy : SELL at the level 171.93 stop loss at the level 172.59 target take profit at the level 171.37 or at the level 171.07
Daily analysis for GBPJPY
GBPJPY irregular flat correction down 171.58, lower, new daily low close to first daily support 172.11
Elliott 173.49
Closing 172.52
Ex-Low 172.39
Ex-High 173.49
Support 1 172.12
Support 2 171.72
Resistance 1 173.21
Resistance 2 173.88
analysis for today 5 / 5 / 2014
GBP/JPY
Resistance 3 173.14
Resistance 2 172.84
Resistance 1 172.64
Pivot Point 172.45
Support 1 171.77
Support 2 171.57
Support 3 171.27
BUY STOP 172.64 STOP LOSS 171.77 TAKE PROFIT 172.84
SELL STOP 171.77 STOP LOSS 172.64 TAKE PROFIT 171.57
GBP/JPY day: to rebound.
Turning point: 171.75
Trading strategies: call in 171.75 above, the target price, 172.65, and 173.
An alternative strategy: to see, in 171.75, the target price set at 171.2, then 170.9.
Technical comments: the resistance is about 172.65, and then 173.
Daily technical analysis for GBPJPY 06-05-2014
GBPJPY should hold major support at 171.55 before rising towards 172.65 or even 173.03 limit.
Key Point 172.37
Entry Point 172.06
Trendline 1 172.59
Trendline 2 171.70
Support 1 171.85 Support 2 171.41
Resistance 1 172.65 Resistance 2 173.03
:)))
Daily analysis for GBPJPY
GBPJPY irregular flat correction down 171.36, new daily high close to first daily resistance 172.65
Elliott 173.49
Closing 172.28
Ex-Low 171.78
Ex-High 172.59
Support 1 171.86
Support 2 171.42
Resistance 1 172.66
Resistance 2 173.04
We have earn TP3... Now, wait for better market... You may get Sell entry at 173.00 TP1 172.85 TP2 172.70 TP3 172.50 SL 173.85 OR Wait till 173.45 and Get sell entry at 173.45 TP1 173.25 TP2 173.10 TP3 172.90 SL 173.85...Quote:
Originally Posted by Brijesh
*Get entry after Markit Service PMI Release
*Trade at own risk..
analysis for today 5 / 6 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 172.39
Retracement (50%) 172.27
retracement (61,8%) 172.15
Extensions (61.8%) 173.41
Extensions (100.0%) 173.80
Extensions (138.2%) 174.19
Extensions (161.8%) 174.43
calculation based on a Fibonacci retracement then today I choose buy
Trading Signal - 06/05/2014 - 09:00
Instrument: GBPJPY
60min CHART
Downwards Weak
Waiting for a retracement higher towards the 172.20 resistance level in order to reinstate SHORT positions.
A Medium probability, entry signal to go LONG was given at 172.30 after the market found support at 171.00. Only the downward break of 171.00 would cancel the bullish scenario.
Support & Resistances
171.70 172.20
http://dl.dropbox.com/u/51561036/scr...506-195005.jpg